Market Review and Round-Up of Corporate News Announced During The Week Ending 140918

The
equities market recorded mixed performance – the listed equities market
recorded -5.02% loss WoW while the NASD OTC
also went down by -2.05% WoW.

The
BDC rate closed flat while the IEFX, NAFEX and the CBN rate depreciated
during the week.

The
Brent Crude Oil price moved up at the end of the week while the WTI also
went up.

The share price of Forte Oil Plc
closed flat today after the-16.67% loss (about N4.56bn in Market
CAP) recorded in the four days following the revelation earlier in the week
of the possibility that the leadership of the Peoples Democratic Party
(PDP) in Lagos State may offer the party’s 2019 governorship ticket to its
chairman. Watch out for an update next week Link:FO Share Price Drops by -16.67% in Four Days
- Coincidence or News Led?